By

Kami Minor
Do you have the clause FAR 52.216-7 “Allowable Cost and Payment” in any of your contracts? If you do, you likely have a requirement to prepare an Incurred Cost Submission for your company and submit it to your local DCAA office 6 months after your fiscal year-end. Typically, this FAR clause is incorporated in cost...
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This article was written by Meg Hampton and originally published by Accounting Today. We have heard that many of the tasks and duties that today’s college students will perform by 2030 have not been invented yet. The evolution of technology and AI is already changing how public accountants perform their work, and it stands to reason...
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By Michelle Jenkins, CPA If you remember the TV show, “The Office,” they had an accounting and payroll team. It included Angela, Oscar and Kevin. When accountant “Angela” went on maternity leave, that department was essentially short staffed. Short staffing is a burden for owners, leaders and existing staff when it is temporary. What if...
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The IRS is explicitly providing the opportunity for non-compliant taxpayers who hold (or previously held) cryptocurrencies and failed to report them to the IRS to voluntarily come forward and avoid potential criminal prosecution. For practitioners in the business of assisting taxpayers with tax compliance, it’s déjà vu all over again. Previously, to ensure taxpayers fall...
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HUNTSVILLE, ALA., February 2022 — Anglin Reichmann Armstrong, P.C. is pleased to announce that David Bier, MBA, is promoted to Partner of the firm, effective January 1, 2022. David joined Anglin as Firm Administrator after a successful career in the theatre exhibition industry. Most recently, he has served as Chief Operating Officer, a role he...
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Grooming the right leadership team or bringing new owners into your company must be carefully orchestrated. Future owners need to match your goals for transfer of ownership, but they should also mesh well with daily operations and employee expectations. If you plan to exit gradually, your chosen successor must also be open to your continued...
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Enterprises of all sizes across the US have embraced the benefits of advanced cloud-based automation, big data and real-time reporting to advance nearly every aspect of their business. Meanwhile, we in the accounting profession have carefully—albeit slowly—adopted new analytical tools to improve auditing processes and outcomes for these same businesses and organizations. Changes in audit...
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